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Let's check the details of the eagerly anticipated Polygon zkEVM Upgrade and MATIC price in this price analysis

Polygon zkEVM has teased a new upgrade poised to introduce a paradigm shift for developers building on the smart contract outfit. The New Polygon zkEVM Upgrade Since its inception, the Polygon zkEVM protocol has recorded some updates that changed structural effects on its chain.

The crypto industry continues to display significant price volatility as major tokens record constant fluctuations in their respective portfolios. Further, the Matic price has experienced a jump of over 4% within the past 24 hours, indicating a bullpower in the market. The Polygon price traded in a closed range between $0.9458 and $1.

TL;DR Polygon Labs and Warner Music Group announce MITH and Muus Collective as the grant recipients for the Web3 Music Accelerator program. MITH is a fan engagement platform that uses blockchain, AI, and digital collectibles to provide insights, rewards, and perks for artists and fans.

Layer-2 network Polygon is reported to have competed with Ethereum in 2023, as both networks saw the most influx of new users. This development has once again raised concerns about MATIC's price, considering that such an achievement should potentially mean that new money moved into the ecosystem last year.

From AltLayer airdropping millions of tokens to Base struggling to acquire users, here is a 2-minute breakdown of everything important that happened in crypto today.

The panorama of blockchain transactions in 2023 according to the latest data

TL;DR Polygon's Growth: Polygon, initially a scaling solution for Ethereum, saw a meteoric rise in 2023 Influence on DeFi Sector: The growth of Polygon's user base is significant in the context of the Decentralized Finance (DeFi) sector.

From DOGE reaching weekly highs to Hayes predicting Bitcoin crash to $30k, here is a 4-minute breakdown of everything important that happened in crypto this week.

Blockchain analytics firm Flipside has reported that Polygon, an Ethereum scaling solution, came close to matching Ethereum's user base in 2023, with both platforms boasting over 15 million acquired users each. Bitcoin, on the other hand, trailed behind with 10.65 million users.

2023 marked a significant shift in blockchain user preferences and adoption patterns. Polygon, a rising star in the blockchain world, showcased remarkable growth in user acquisition.

Blockchain analytics firm Flipside reported that Polygon, a Layer-2 scaling network for Ethereum, nearly matched Ethereum in terms of user acquisition in 2023.

Base struggles to gain traction, Polygon see explosive 15M+ user growth in 2023.

The two blockchains boasted more than 15 million “acquired” users each, while Bitcoin came in third with 10.65 million, according to blockchain analytics firm Flipside.

Decentralized data startup PowerLoom is launching a node mint on Polygon's proof-of-stake network.

Powerloom is opening up its node project to the masses, and will hold a node mint event on February 7th, and set up 10,000 independent nodes.

This initiative leverages a variety of payment methods. This includes credit/debit cards, bank transfers, Apple Pay, OpenBanking, and more.

Polygon Labs and Warner Music Group announced two recipients of their inaugural Web3 Music Accelerator program to further the evolution of the music industry.

Polygon Labs, a renowned developer of Ethereum-scaling solutions, has announced the launch of its innovative AggLayer protocol. This protocol is set to revolutionize the blockchain landscape by bridging the gap between various blockchains, making multiple blockchains feel like a single chain.

Flipside Analytics on-chain report has cited Polygon's fundamental growth signals that could impact MATIC price action positively in 2024

Polygon Labs, a developer of Ethereum-scaling solutions, is set to launch its groundbreaking AggLayer protocol next month. This innovative protocol aims to bridge the gap between various blockchains, providing users with an experience that “feels like a single chain.

Polygon Labs is set to launch AggLayer, a protocol designed to unite multiple blockchains into a seamless network, offering users an internet-like experience. The protocol aims to improve blockchain interoperability and user experience.

Next month, Polygon Labs will launch a protocol to make all blockchains feel like a single network for the end-user.

Polygon Labs unveils the timeline for its Polygon 2.0 interoperability layer launch.